USRD vs. FCLD ETF Comparison

Comparison of Themes US R&D Champions ETF (USRD) to Fidelity Cloud Computing ETF (FCLD)

USRD

Themes US R&D Champions ETF

USRD Description

The index is designed to provide exposure to U.S. companies in the large- and mid- capitalization segments that rank in the top 50 companies based on the index Provider"s R&D intensity metric. The fund will invest, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities that comprise the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.69

Average Daily Volume

143

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FCLD

Fidelity Cloud Computing ETF

FCLD Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Cloud Computing Index. Normally investing at least 80% of assets in securities included in the Fidelity Cloud Computing Index and in depositary receipts representing securities included in the index. The Fidelity Cloud Computing Index is designed to reflect the performance of a global universe of companies across the market capitalization spectrum that provide products or services enabling the increased adoption of cloud computing, characterized by the delivery of computing services over the internet

Grade (RS Rating)

Last Trade

$29.35

Average Daily Volume

14,361

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	USRD	FCLD
30 Days	2.17%	18.74%
60 Days	2.27%	21.70%
90 Days	3.37%	24.10%
12 Months		42.86%

6 Overlapping Holdings

Symbol	Grade	Weight in USRD	Weight in FCLD	Overlap
HPE	B	2.16%	2.37%	2.16%
INTU	C	2.25%	4.27%	2.25%
NOW	A	2.15%	4.68%	2.15%
NTAP	C	2.03%	1.99%	1.99%
ORCL	B	2.19%	4.92%	2.19%
ZM	B	2.17%	2.21%	2.17%

USRD Overweight 44 Positions Relative to FCLD

Symbol	Grade	Weight
FTNT	C	2.39%
TRMB	B	2.33%
EXPE	B	2.31%
GM	B	2.25%
CMI	A	2.19%
ALGN	D	2.18%
EA	A	2.12%
CDNS	B	2.11%
ISRG	A	2.11%
ADBE	C	2.1%
ADSK	A	2.1%
CSCO	B	2.07%
ANSS	B	2.06%
VEEV	C	2.04%
SNPS	B	2.04%
BSX	B	2.03%
ROP	B	2.02%
EW	C	2.02%
GOOGL	C	2.0%
KEYS	A	2.0%
IBM	C	1.98%
QCOM	F	1.97%
TTD	B	1.97%
CSGP	D	1.96%
MDT	D	1.96%
META	D	1.95%
NOC	D	1.94%
HOLX	D	1.94%
JNJ	D	1.93%
ANET	C	1.93%
DOX	D	1.89%
AMAT	F	1.89%
LRCX	F	1.88%
GEHC	F	1.87%
AMD	F	1.87%
EL	F	1.85%
MELI	D	1.84%
CTVA	C	1.81%
REGN	F	1.79%
LLY	F	1.77%
LDOS	C	1.75%
AKAM	D	1.73%
MPWR	F	1.5%
ENPH	F	1.43%

USRD Underweight 42 Positions Relative to FCLD

Symbol	Grade	Weight
CRM	B	-5.14%
MSTR	C	-4.92%
MSFT	F	-3.85%
EQIX	A	-3.15%
TEAM	A	-3.1%
DLR	B	-2.92%
HUBS	A	-2.76%
WDAY	B	-2.75%
SNOW	C	-2.63%
DDOG	A	-2.54%
TWLO	A	-2.4%
DAY	B	-1.96%
MDB	C	-1.93%
NTNX	A	-1.91%
FFIV	B	-1.88%
WDC	D	-1.84%
STX	D	-1.77%
XRX	F	-1.75%
PSTG	D	-1.74%
DT	C	-1.67%
CFLT	B	-1.64%
ESTC	C	-1.52%
CVLT	B	-1.49%
DBX	B	-1.42%
GTLB	B	-1.34%
PEGA	A	-1.26%
PATH	C	-1.24%
BOX	B	-1.2%
FIVN	C	-1.19%
RNG	B	-1.18%
VERX	B	-1.14%
AI	B	-1.1%
TDC	D	-1.0%
FROG	C	-0.99%
SMCI	F	-0.91%
PD	C	-0.88%
DOCN	D	-0.88%
VRNT	C	-0.77%
FSLY	D	-0.75%
INFA	D	-0.7%
VNET	B	-0.65%
SWI	B	-0.64%